2007 House Bill 4376 ↩

House Roll Call 98: The substitute was not adopted

To replace the previous version of the bill with one that eliminate the retroactive nature of the bill, which would require property owners to pay higher taxes in the future to compensate governments for past tax savings under the WPW ruling. Also, to require a vote of the people on jurisdiction-wide ad-valorem "special assessments" (which some say are no different from regualar property taxes for which a popular vote would be required under the Headlee amendment.) Also, to to revise the rules that local government property tax assessors use to establish the value of property. Under current law, assessors are able to base a property's value on "comparable sales" from the two years prior to the previous April. The amendment would change this to the one-year period prior to the previous Sept. 30. Note: The selling price of many homes in Michigan has fallen in the past year, but many assessments are still being raised because of higher-price sales in the earlier period..